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AUSTRALIA WILL RAISE DEFENCE SPENDING TO 3% OF GDP BY 2033

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

Australia on Wednesday said it would ‌raise defence spending to 3% of gross domestic product by 2033 from about 2% currently, in response to the most "complex and threatening" circumstances since World War Two.

The expansion would be achieved through ​an additional A$14 billion ($10 billion) in expenditure over four years and A$53 ​billion over the next decade, the government said.

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